Where are the bitcoin lovers now?

[BackInTheGame78]

@jaygreenb

I look at the recent price action as alts basically just playing catch up to BTC, as the liquidity moved from that after it's huge pump and into alts. Some then flipped the liquidity from alts into BTC, thus why we broke through 100k, which is something we can see with holder data, ADA is a good example. I'm not a short term trader, but I can see the pattern very quickly. I'm expecting BTC to be the focus of the show through the rest of this year and maybe through January. Alts will follow along, but the true alt season I think we still have at least a couple more months to wait for.....only time will tell.

Unsure about this as BTC.D is Bearish on the Daily and Weekly charts. However we have a long bottoming wick on the weekly so that could mean we see a reversal coming up...unsure if that would push thru previous swing high tho...

 

[sangheilios]

Unsure about this as BTC.D is Bearish on the Daily and Weekly charts. However we have a long bottoming wick on the weekly so that could mean we see a reversal coming up...unsure if that would push thru previous swing high tho...

View attachment 13559

@jaygreenb

The trend is that BTC dominance is starting to decline. Prior to the election alts were still very low, ADA was under 40 cents and ETH was at under 3k. BTC takes off during/after the election, alts more or less just followed along. However, 2nd half of November we saw a very strong alt run with XRP, ADA, XLM and others while BTC more or less consolidated a little under 100k. BTC wasn't ready to break this psychological level yet, it needed time and to build some support. Those alts seemed to have topped out not that long ago and started to sell off a bit, probably people taking a bit of profit and even flipping that liquidity into BTC to keep it in the market, which provides the fuel needed for it to have broken 100k. BTC may continue to ladder up for the next couple months or so, alts will follow along and basically repeat the pattern I described above and eventually we will have a full scale alt season, we just aren't there quite just yet.

This can all happen in a relatively short period of time, potentially by late spring of 2025, or perhaps we see a more drawn out market next year, similar to 2017. Either way, it doesn't really matter to me, as I have no control over it. Those who have already created positions are just going along for the ride.

 

[jaygreenb]

@jaygreenb

The trend is that BTC dominance is starting to decline. Prior to the election alts were still very low, ADA was under 40 cents and ETH was at under 3k. BTC takes off during/after the election, alts more or less just followed along. However, 2nd half of November we saw a very strong alt run with XRP, ADA, XLM and others while BTC more or less consolidated a little under 100k. BTC wasn't ready to break this psychological level yet, it needed time and to build some support. Those alts seemed to have topped out not that long ago and started to sell off a bit, probably people taking a bit of profit and even flipping that liquidity into BTC to keep it in the market, which provides the fuel needed for it to have broken 100k. BTC may continue to ladder up for the next couple months or so, alts will follow along and basically repeat the pattern I described above and eventually we will have a full scale alt season, we just aren't there quite just yet.

This can all happen in a relatively short period of time, potentially by late spring of 2025, or perhaps we see a more drawn out market next year, similar to 2017. Either way, it doesn't really matter to me, as I have no control over it. Those who have already created positions are just going along for the ride.

That is really the only strategy that has ever worked for me, be patient and let the market come to me and buy/sell when the opportunity is there. I try to only buy things at this point that I am willing to hold for at least 5-10yrs. I have never done consistently well trying to market time something in the short term. Doesn't mean others can't pull it off, just not my skillset.

 

[BackInTheGame78]

Wow, huge dump out of the all time high past 103K

 

[Bible_Belt]

Hawk Tuah memecoin dumps 90% amid backlash over controversial launch

Haliey Welch’s Hawk Tuah memecoin “HAWK” has been marred with controversy after plummetting more than 90% since launch.

cointelegraph.com

 

[jaygreenb]

Hawk Tuah memecoin dumps 90% amid backlash over controversial launch

Haliey Welch’s Hawk Tuah memecoin “HAWK” has been marred with controversy after plummetting more than 90% since launch.

cointelegraph.com

Been following this on X/twitter, they scammed the hell out of people lol I don't know why anyone even messes with these meme coins anymore. This got announced today, very positive for crypto and specifically Bitcoin. Been involved for a long time

Trump Names David Sacks as White House AI and Crypto Czar

Donald Trump selected venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence and crypto czar, a newly created position that underscores the US president-elect’s intent to boost two rapidly developing industries.

www.bloomberg.com

 

[BackInTheGame78]

Looking like we are going to be range bound for a while between around 75K and 103K...

Can make some good money on swing trades by playing the tops and bottoms of the ranges.

 

[jaygreenb]

Going to be a fun few years

Today,
@EricTrump
shared his views on the significance of #Bitcoin and the role that he and
@realDonaldTrump
expect it to play in the future. The speech is extraordinary and I highly recommend watching it in full.

x.com

x.com

 

[Solomon]

I reloaded on

XLM
XDC
Shiba inu


during the dip, I've been back on my TA stuff long term I'm more bullish than ever.
Anyone who is not in Crypto now (bitcoin etc) will be exit liquity at then end of 2025 bullrun it's that simple.

 

[Solomon]

Paying close attention to FOMC meeting also took profits on Eth at 4K (I caught ETH at the low dip on 2020 at $120)
Is it just me or does no one give a **** about crypto right now? I'm talking about the normy retailer, BItcoin hit 108K and if you were to go on Twitter it feels like a bear market, the normies that were in the space in 2021 going nuts over 60K none of those people are to be found
I remember in 2021 I was getting phone calls from friends who laughed at crypto in 2017 for advice on what to get, I had a plate who bought some crypto and wanted advice but now in 2024 nothing not a peep except from my friends who are already in the space

2025 a lot of people are going to be angry at themselves for ignoring crypto things are about to change in a major way. People are worried about gender war but the real war is going to be a "Class war" 10 years from now there won't be a middle class there will be broke people and people who bought crypto and ultra-rich beyond their wealthiest dreams

 

[jaygreenb]

Paying close attention to FOMC meeting also took profits on Eth at 4K (I caught ETH at the low dip on 2020 at $120)
Is it just me or does no one give a **** about crypto right now? I'm talking about the normy retailer, BItcoin hit 108K and if you were to go on Twitter it feels like a bear market, the normies that were in the space in 2021 going nuts over 60K none of those people are to be found
I remember in 2021 I was getting phone calls from friends who laughed at crypto in 2017 for advice on what to get, I had a plate who bought some crypto and wanted advice but now in 2024 nothing not a peep except from my friends who are already in the space

2025 a lot of people are going to be angry at themselves for ignoring crypto things are about to change in a major way. People are worried about gender war but the real war is going to be a "Class war" 10 years from now there won't be a middle class there will be broke people and people who bought crypto and ultra-rich beyond their wealthiest dreams

Just my personal observation, most of retail isn't in Bitcoin but memes and other alts, so they really didn't get to participate in its recent upside. At this point, a lot of retail have been burned in previous cycles too so may be more hesitation to get involved again. I'm sure a lot will fomo in at some point, rinse and repeat.

Will be a lot of wealth made in crypto, my bet though is a majority of retail has only lost money being involved in this space lol If you do not know what you are doing, which is most people, it is easy to get smoked.

 

[Bible_Belt]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Debate over whether Bitcoin’s fixed supply is truly capped at 21 million has resurfaced after BlackRock said there’s “no guarantee” it won’t change.

cointelegraph.com

 

[jaygreenb]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Debate over whether Bitcoin’s fixed supply is truly capped at 21 million has resurfaced after BlackRock said there’s “no guarantee” it won’t change.

cointelegraph.com

The chain has been tried and failed to be hijacked multiple times and failed, think Bcash and BSV among others. The great thing about decentralization, no one person or entity can change the rules, the market and participants get to decide and it is not in people's best interest to debase their own holdings. This is irrelevant in my opinion

 

[Divorced w 3]

The chain has been tried and failed to be hijacked multiple times and failed, think Bcash and BSV among others. The great thing about decentralization, no one person or entity can change the rules, the market and participants get to decide and it is not in people's best interest to debase their own holdings. This is irrelevant in my opinion

Actually, Blackrock typically becomes the largest investor in anything it touches and votes their shares or in this case, coins despite being having an index mandate. Your thought process (a term I offer you extremely compassionately) isn’t the case any longer. Blackrock is, as always, going to vote their bottom line.

The fact that the Chairman just announced that more cuts are still possible is not a good thing for bitcoin, as it is supposed to be an inflationary hedge and anticipated monetary expansion is not hawkish behavior. Multiple members of the Fed are speaking today on the recent decision. The market on rate cuts was almost entirely locked for this being the final.

Every manager, c0cktail party attendee, and person on the internet was long bitcoin, and short fixed income, with leverage. The short to medium term top is definitely in for the time being, and traditional fixed income is going to benefit. Watch how this goes from here.

 

[Divorced w 3]

MSTR 421 now, oops!

309 pre-open. Kiss of death in the interim for Bitcoin having been added to the Nasdaq.

Any time now, post that redacted Bitcoin position you don’t own.

 

[jaygreenb]

Actually, Blackrock typically becomes the largest investor in anything it touches and votes their shares or in this case, coins despite being having an index mandate. Your thought process (a term I offer you extremely compassionately) isn’t the case any longer. Blackrock is, as always, going to vote their bottom line.

The fact that the Chairman just announced that more cuts are still possible is not a good thing for bitcoin, as it is supposed to be an inflationary hedge and anticipated monetary expansion is not hawkish behavior. Multiple members of the Fed are speaking today on the recent decision. The market on rate cuts was almost entirely locked for this being the final.

Every manager, c0cktail party attendee, and person on the internet was long bitcoin, and short fixed income, with leverage. The short to medium term top is definitely in for the time being, and traditional fixed income is going to benefit. Watch how this goes from here.

That's a lot of blubbering. Send DM coward

 

[Divorced w 3]

That's a lot of blubbering. Send DM coward

Go right ahead!

 

[jaygreenb]

Go right ahead!

OK, lets settle it. $200 bet, you agree not to post my info, amounts or balances anywhere. For sake of the bet, over 2M. backinthegame will verify. Deal?

 

[Divorced w 3]

OK, lets settle it. $200 bet, you agree not to post my info, amounts or balances anywhere. For sake of the bet, over 2M. backinthegame will verify. Deal?

I’m not giving you or anyone a dime.

Can someone other than this poster explain to me the reason for this level of secrecy over the holdings?

 

[jaygreenb]

I’m not giving you or anyone a dime.

Can someone other than this poster explain to me the reason for this level of secrecy over the holdings?

That is what I thought, just a legit coward. All talk, no action. Putting you on ignore, not addressing this anymore.